Page 9 - Unemployment

SP members stage walkout from UP Assembly over unemployment issue

Members of the Samajwadi Party walked out of the Uttar Pradesh Legislative Assembly on Friday, the fifth day of the Monsoon session, over the issue of unemployment in the state. During the Question Hour in the Vidhan Sabha, the SP members had asked the Minister of Labour and Employment Anil Rajbhar about the major employment schemes being implemented by the Labour Department at present and the number of educated unemployed youth in the state. However, dissatisfied with Rajbhar's response, the SP members staged a walkout and raised anti-government slogans. "Will the government, keeping the above details on the table of the House, tell the total number of educated unemployed -- Inter, BA, MA, Diploma, B.Tech, M.Tech, PhD degree holders -- in the state and how many of these people have been given jobs by the Labour Department in the last two years? If not, why?" asked SP MLA Sangram Yadav. Responding to Yadav's question, Rajbhar said that the work of providing employment opportunities

India's overall unemployment rate falls in July due to farm demand

The total joblessness rate fell to 7.95% in July, from 8.45% in June, according to data released by private forecaster Centre for Monitoring Indian Economy

Congressional Budget Office predicts slower economic, job growth into 2024

The Congressional Budget Office reported Wednesday that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening through 2024. The latest 10-year budget and economic outlook from the nonpartisan office shows how difficult it is to figure out where the United States is going in the wake of the pandemic. Many economists and investors were caught off guard as Federal Reserve interest rate increases, intended to combat high inflation, have not led to mass layoffs and a recession. Rather, growth and hiring have stayed relatively solid. The CBO said it expects rates to continue to rise, as well as slower growth in the gross domestic product for the rest of this year and unemployment reaching 4.7 per cent by the end of 2024. In February, the agency projected that the unemployment rate would jump to 5.1 per cent. It currently stands at 3.6 per cent. The CBO now estimates that rate will end the year a

3-fold rise in unemployment in Haryana under BJP rule: Deepender Hooda

Congress leader Deepender Singh Hooda said the unemployment rate has increased three-fold in Haryana under BJP rule and slammed the Manohar Lal Khattar government over the "appalling" situation. In a reply to a question in Parliament, Union Minister of State for Labour and Employment Rameswar Teli on Thursday said the unemployment rate in Haryana was 2.9 per cent in 2013-14 (when Congress was in power), which increased to 9.0 per cent in 2021-22, the Congress leader said in a statement here. "If we look at the unemployment rate at the national level, it is 4.1 per cent, which is less than half the unemployment rate in Haryana," Deepender Hooda, son of former Haryana Chief Minister Bhupinder Singh Hooda, said. "This appalling situation despite the fact that Haryana is surrounded by the national capital from three sides. Haryana is the only state in the country where the unemployment rate has increased three times during the BJP rule," he said. He claimed Haryana has become number on

US layoffs nearly halve in June as job cuts ease in technology sector

Like its peers, Amazon.com in March had said it would axe another 9,000 roles as a part of its second retrenchment drive, as investors also persuaded the firms to cut costs

Unemployment in Afghanistan rose significantly in past two years: Report

The International Committee of the Red Cross in a report said that the number of unemployed people in Afghanistan has significantly increased in the last two years, Taliban-based TOLO News reported

Haryana tops in inflation, unemployment, crime: Ex-CM Bhupinder Hooda

Reacting to the report, Hooda said inflation in the state has become so alarming that it has crossed the highest level fixed by the Reserve Bank of India (RBI), along with all states

UK unemployment rate down as number in work rises above pre-pandemic level

Official figures show that Britain's unemployment rate has fallen unexpectedly as the number of people in work hit a record high and rose past its pre-pandemic level for the first time. The Office for National Statistics said Tuesday that the jobless rate fell to 3.8% in the three months to April, from 3.9% in the previous quarter. Most economists were expecting the rate to edge up to 4%. As the unemployment rate fell, the agency said, the country's employment rate rose to 76% from 75.9%, with the number of people in work at an all-time high of 33.1 million. Darren Morgan, director of economic statistics at the agency, said the biggest driver in recent jobs growth is health and social care, followed by hospitality. The agency also found that wages rose sharply, a development that may cause concern at the Bank of England, which is widely expected to raise interest rates once again next week.

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Unemployment among urban youth down in Q4FY23 but still elevated at 17.3%

The unemployment rate among the youth in urban India stood at 20.2 per cent in the year-ago period

Naidu sounds poll bugle in AP, promises schemes for women, unemployed youth

Sounding the poll bugle for TDP in Andhra Pradesh, party supremo N Chandrababu Naidu announced a slew of welfare schemes for women, unemployed youth and farmers that would be implemented if the party was voted to power again in the state after the 2024 assembly elections. Rs 1,500 monthly cash allowance to all women above 18 years of age under Bhavishyakthu Guarantee scheme (Guarantee for future), Rs 15,000 per annum for all mothers and free transport for women on APSRTC buses within a district, are some of the major women-centric pledges Naidu made on the concluding day of the 2-day 'Mahanadu' programme of the party on Sunday night. Exuding confidence about Telugu Desam Party returning to power next year, he also promised to provide 20 lakh jobs to youth under Yuva Galam scheme in various government departments, Rs 3,000 monthly unemployment allowance under Yuva Galam Fund and Rs 20,000 annual cash allowance for farmers to cover their agriculture expenditure, a press release ...

On the job: India's poorer states progress in creating employment

National unemployment is expected to grow though

Zimbabwe ranked world's most miserable country; here's where India stands

Unemployment was the leading source of unhappiness in the United States, which ranked 134th on Steve Hanke's Annual Misery Index list

US unemployment claims tumbled last week after fraud-inflated jump

Some economists have been wary about drawing strong conclusions from the data amid reports that fraudulent claims have been behind the recent upward trend in filings

China recovery faces pressure after April activity weak, unemployment rises

Chinese leaders face pressure to shore up a slowing economic recovery and generate jobs after consumer spending and other activity in April were weaker than expected and a survey found 1 in 5 young workers in cities was unemployed. Retail sales accelerated following the end of anti-virus restrictions in December but were below forecasts, official data showed Tuesday. Factory output edged down compared with March. Chinese economic activity has improved while the US and European economies are cooling after interest rate hikes to extinguish inflation. But consumers, uneasy about possible job losses, are returning to shops and restaurants less quickly than expected. The pace of recovery has slowed sharply, said Larry Hu and Yuxiao Zhang of Macquarie in a report. Growth in retail sales accelerated to 18.4% over last year's depressed level in April, but that was below private sector expectations of up to 35%. Factory output rose 5.6% over a year ago but was off 0.5 percentage points fro

Unemployment rate rises in April

The notable rise in LPR and employment rate in India in the month of April reflects an increase in willingness among people to seek employment

What about 'Mann ki Baat' on inflation and unemployment? Maha Cong chief

Maharashtra Congress president Nana Patole on Sunday wondered when Prime Minister Narendra Modi will do a 'Mann ki Baat' on issues such as inflation and unemployment. On a day when the 100th episode of PM Modi's monthly radio programme was aired, Patole said the prime minister should clarify his ties with businessman (Gautam) Adani. ''Instead of talking about other things, Modiji should tell people about his relationship with Adani," the Congress leader told reporters. "The 100th episode of PM Modi's 'Mann Ki Baat' was celebrated with great fanfare. During these 100 episodes, PM Modi never mentioned the burning issues of the country such as inflation, unemployment, the collapsing economy, encroachment by China, sexual abuse of women wrestlers by BJP MP, '40% corrupt' government in Karnataka, farmers etc," Patole alleged. In a dig, he said in a democracy one should do 'janta ki baat' by speaking about the issues of the masses and not 'Mann Ki Baat'. He said the people of the countr

Jharkhand Congress observes fast to protest against inflation, unemployment

The Jharkhand unit of Congress observed fast as part of its Jai Bharat Satyagraha' programme here on Wednesday to protest against inflation and unemployment in the country. State ministers Rameshwar Oraon, Badal Patralekh and Banna Gupta and many other Congress leaders assembled at Bapu Vatika at Morabadi ground in Ranchi, holding placards with Daro Mat' (Don't be afraid) written on these. Speaking on the occasion, Jharkhand Congress president Rajesh Thakur said their party leader Rahul Gandhi led a 4,000 kilometre-long yatra from Kanyakumari to Kashmir to "protest against inflation, unemployment and hate spread by the BJP" across the country During the yatra, people told him about their sufferings. When our leader Rahul Gandhi raised questions over inflation, unemployment and the relationship between Adani group and the BJP government in view of Hindenburg Research allegations, his membership of Lok Sabha was cancelled, Thakur said. Gandhi, representing Wayanad parliamentary ...

US unemployment claims tick up to 245,000, but still low by standards

The number of Americans applying for unemployment benefits rose last week but remains low by historic standards. U.S. jobless claims rose by 5,000 to 245,000, the Labour Department reported Thursday. The four-week moving average of claims, which evens out week-to-week ups and downs, fell by 500 to 239,750. At the start of the year, weekly claims were running around 200,000 and they have gradually moved higher. The weekly claims numbers are a proxy for layoffs, and they show that American workers enjoy unusual job security despite rising interest rates, economic uncertainty and fears of a looming recession. The U.S. job market is healthy overall. At 3.5% last month, the unemployment was a tick above January's half-century low 3.4%. Employers added 236,000 jobs in March, down from 472,000 in January and 326,000 in February but still strong by historic standards. The inflation fighters at the Federal Reserve worry that a tight job market puts upward pressure on wages and on overa

The employment challenge in Andhra

The unemployment rate in Andhra Pradesh was significantly lower among people with lower levels of education